‘Bullish for the best of the best’
‘In general, the classic car market was less volatile in 2016 than many expected. Despite global uncertainty, people were still buying classic cars and the Hagerty Price Guide showed an overall 1.8 per cent growth in the last quarter.
‘ That said, some model values may have peaked. Range-topping Ford Capris such as the 2.8i MkIII rose dramatically in value last year – a 17 per cent increase was recorded in Q2 – but values have now stabilised. Similarly, the DeLorean DMC-12 rose by over eight per cent in late 2015, but a year later we reported that values had dropped by 3.5 per cent.
‘ The cars now increasing in value seem to fall into two categories. First are 1990s classics – the Alfa Romeo 75 3.0 V6, Lancia Delta Integrale and Porsche 911 (996) all look great value. Add in the Aston Martin DB7 and Maserati 3200, and we’re surely looking at the next generation of classic sports cars that are all now relatively affordable.
‘ The other category is “best of the best”. Collectors are spending top money on the very best examples of pretty much everything. Low mileage, perfectly restored or utterly original cars are expected to outperform their estimates this year.’